BGC Insurance Group (BGCI), a division of BGC Partners Inc. (NASDAQ: BGCP), a leading global brokerage and financial technology company, today announced that Mark Costin will join its new global aviation and space (re)insurance broker as Senior Partner.
Costin joins Philip Smaje and Marcel Chad as the latest high-profile figure in the new team and, subject to regulatory approval, will start in his role on completion of notice period obligations.
Costin joins BGCI from Marsh JLT Speciality where he most recently held the role of CEO of its Aviation and Aerospace Division. He joined Marsh from Willis Towers Watson in 2002.
Marcel Chad, BGCI’s President of Global Aviation and Aerospace, said: “We have set out a compelling vision and ambition to build an entrepreneurial environment that will attract diverse and high calibre talent from across the industry, aligned with innovative technology resulting in a truly differentiated client value proposition.
“Mark’s appointment further reinforces our commitment to the aerospace sector. Together we will continue to build a potent alternative global proposition for clients. I am delighted, both personally and professionally, to welcome Mark to our growing team.”
Notes to editors
About BGC Insurance Group
BGC Insurance Group is building a market-defining, global risk distribution group. Completely independent, it provides expertise, efficient technology, and customer focus. Under its specialist brands – Ed, Besso, Junge and Cooper Gay France – the Group provides global wholesale specialty insurance and reinsurance broking solutions. The Group’s underwriting operations – Epsilon, Globe Underwriting and Cooper Gay France – provide specialist insurance products and services in the UK, France and Australia. BGC Insurance Group is the insurance division of BGC Partners, a leading global brokerage and financial technology company.
Peter Rigby, Haggie Partners
020 7562 4444
About BGC Partners, Inc.
BGC Partners is a leading global brokerage and financial technology company. BGC’s offerings include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. BGC provides a wide range of services, including trade execution, broker-dealer services, clearing, trade compression, post trade, information, and other services to a broad range of financial and non-financial institutions. Through brands including Fenics, BGC Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. BGC, BGC Trader, GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are trademarks/service marks and/or registered trademarks/service marks of BGC Partners, Inc. and/or its affiliates.
BGC’s customers include many of the world’s largest banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms. BGC’s Class A common stock trades on the NASDAQ Global Select Market under the ticker symbol “BGCP”. BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com. You can also follow BGC at https://twitter.com/bgcpartners, https://www.linkedin.com/company/bgc-partners and/or http://ir.bgcpartners.com/Investors/default.aspx.
Discussion of Forward-Looking Statements about BGC
Statements in this document or the abovementioned webcast and presentation regarding BGC that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, BGC undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Statements set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Statements contained in subsequent Forms 10-K, Forms 10-Q or Forms 8-K.
Ujjal Basu Roy